The game was released on March, 12, 2013 for the Playstation Network in North America and on Xbox Live Arcade on March, 13. The Japanese version was released on March, 14, 2013 with the digital download being available on PSN on April 17.

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Along with arcade and training, there will be a tutorial mode that will explain to players different combos and strategies while explaining why they're useful. Replay mode will allow players to save matches to their hard drive or upload them to a server for people to view and rate. A spectate mode that allows eight people to watch current or prerecorded matches while being able to chat. Online uses GGPO.

Players can earn vault points by completing "dynamic challenges." Vault points can be used to unlock various items such as movies, character art, concept art as well as skins and various other items. Graphic changes include upscaled sprites, various filter from a smooth widescreen view to scan lines and an arcade cabinet view. Addition artwork by Stanley Lau, also known as Artgerm. A new character select screen has also been introduced with new art but can be turned off by players to view the original select screens. On December 7th, Capcom updated and changed the official artwork for Felicia and Morrigan, slightly censoring their character artwork.